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Payday loans: Why to consider alternatives

Feature image - Avoiding payday loans

When you need cash, taking out a payday loan can be a tempting solution. But they’re a really bad way to borrow money. And there are other options to consider.

What you should know

There are better options

There are cheaper ways to borrow money than payday loans. Here are three of the best alternatives.

  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in December 2019
  • Time to read: 3 minutes

Reviewed for legal accuracy by

Mario Garcia, CarbonCure Technologies

Mario Garcia, CarbonCure Technologies

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This information from People’s Law School explains in a general way the law that applies in British Columbia, Canada. The information is not intended as legal advice. See our disclaimer.

On Dial-A-Law

Dial-A-Law has more information on Borrowing money in the section on Money & debt.